The quantum dots market was valued
at USD 1.96 Billion in 2017 and is expected to reach USD 8.47 Billion by
2023, at a CAGR of 26.97% during the forecast period. The base year
considered for the study is 2017, and the forecast period is between
2018 and 2023.
The quantum dots market, based on verticals, has been
segmented into healthcare, consumer, commercial, defense,
telecommunications, and others. The consumer vertical is expected to
continue to account for a major share of the quantum dots market in
2018. The rising adoption of products based on the latest technologies
such as quantum dots, 4K resolution, 3D, along with decreasing prices of
these advanced products, is expected to increase the market in the
consumer vertical during the forecast period. Thus, the use of quantum
dots has grown in the last several years as this technology is providing
manufacturers a cheap and efficient way of producing next-generation of
brilliant, high-definition TV screens.
Based on regions, the quantum dots market has been
segmented into North America, Europe, APAC, and Rest of the World. The
quantum dots market in APAC is expected to grow at the highest CAGR
during the forecast period. The reason for the high growth in APAC is
the inclination of consumers to adopt technologically advanced products.
Various universities and organizations in this region are involved in
R&D of the QD technology. The University of Tokyo (Japan), the
University of Tsukuba (Japan), and Hokkaido University (Japan) published
their reports on QD. China, South Korea, and India are also playing an
increasingly significant role in the research and development of
nanotechnology.
Nanosys Inc. (US), Nanoco Group plc (UK), QD Laser,
Inc. (Japan), NN-Labs, LLC. (US), and Ocean NanoTech (US) are the major
companies in the quantum dots market. Nanosys is one of the
significant players and ranked first in the quantum dots market in 2017.
The company also has its focus on product launches and developments
with respect to QD display technology, such as quantum dot enhancement
film (QDEF), which enriches the visual experience of the viewers.
Nanosys has a large number of patents, over 200, issued and pending
worldwide. It entered into many agreements with many big giants to
increase its revenue and expand its business. For instance, the company
signed an agreement with Samsung (South Korea) in January 2015 to give
access to its patents. The collaborations of the company with
Philips-Lumileds (Netherlands) and Life Technologies (US) as well as
with universities such as the Massachusetts Institute of Technology
(MIT) (US), the Lawrence Berkeley National Labs (US), and the Hebrew
University (Israel) has helped the company to broaden its product
portfolio.
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